The signing of the agreement took place in Abu Dhabi on Monday, in the presence of Romania’s President Klaus Iohannis, Energy Minister Virgil Popescu and his UAE counterpart, along with many high-ranking officials of the two countries.
Masdar is one of the most important global actors, with projects completed in 40 countries and a 16-year experience in developing and building renewable energy generation facilities and has a portfolio of 23 GW installed.
Hidroelectrica is the largest green power producer in Romania, accounting for about 28% of the market. It has an annual production of 15.7 TWh delivered to the grid on average.
(English version by Loredana Fratila-Cristescu)